With only days left in 2014, now is a good time to hurry and purchase needed business equipment if you want a hefty tax deduction. Here’s why: on December 19th, a new law was enacted that expanded Section 179 of the Tax Extenders Act to allow up to $500,000 in tax deductions on new and used equipment, as well as off-the-shelf software. That’s a $475,000 increase from the previous amount!
But here’s the kicker: the equipment must be purchased and put into business use by midnight on December 31, 2014 to be eligible for the deduction.
To learn more about the new law, read more about it here. To order data collection equipment eligible for tax deductions from Juniper Systems, contact us online or by phone at 435.753.1881.
